Healthy seniors face the future

Living longer means savings need to grow Many boomers looking for more than GIC yields

The Toronto Star, Surya Bhattacharya

Health worries should not get in the way of reaching out for a financial planner.

“My clients are growing older with me,” said Sucheta Rajagopal, a certified financial planner and investment adviser with Hampton Securities.

“They remember a time when they were renewing their GICs and getting 10 per cent, and now they are getting 2 per cent.” Current low interest rates offered by financial institutions have driven her clients to seek alternatives to guaranteed investment certificates, she said.